Homesales - Blog - The Westlake Team

The Bank of Canada Holds Rates Steady Until Core Inflation Falls Further

Today, the Bank of Canada held the overnight rate at 5% ...Read more...

The Bank of Canada Holds Rates Steady And Expects Rate Cuts Later This Year

By Scott WestlakeJanuary 24, 20240 comments

#bankofcanada #interestrate #boc #variablemortgage #mortgagerates #homesales

Today, The Bank of Canada held the overnight rate at 5% for the fourth consecutive meeting but provided an outlook suggesting that monetary easing will begin by mid-year. The Bank ...Read more...

Hawkish Hold By The Bank of Canada

Home Sales Dipped Once Again Last Month In The Wake of Two Consecutive BoC Rate Hikes

By Scott WestlakeSeptember 15, 20230 comments

#bankofcanada #interestrate #boc #variablemortgage #mortgagerates #homesales

Not surprisingly, buyers moved to the sidelines last month as the central bank took the overnight policy rate up to 5.0%. Home sales posted a 4.1% decline between July and August, ...Read more...

Good News On The Canadian Housing Front

By Scott WestlakeApril 21, 20230 comments

#realestate #economy #homesales

The Canadian Real Estate Association says home sales in March edged up 1.4% in March. Homeowners and buyers were comforted by the fall in fixed mortgage rates as the Bank of Canada ...Read more...

Are We Starting To See A Slowdown In Canadian Housing

By Scott WestlakeMay 18, 20210 comments

#economicupdate #drsherrycooper #mortgagerates #Mayhomesales #SW #TWT #DLC #scottwestlake

For more information on this article or to connect with our team for your upcoming mortgage needs, contact scott@thewestlaketeam.com Starting to See a Slowdown in Canadian ...Read more...

March Existing Home Sales in Canada Hit New Record High As New Listings Surge To Unprecedented Levels

For more information on this article or how it impacts your current or future mortgage, please contact our office scott@thewestlaketeam.com What is All the Policy Hysteria ...Read more...